Gallant Family Foundation Inc

CARY, NC EIN: 13-3039604

Gallant Family Foundation Inc is a private foundation, based in CARY, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $8.1M in total assets. In 2024, it awarded 16 grants totaling $418K. Net investment income was $183K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.1M

+13.6% YoY

Annual Giving

$418K

+35.4% YoY

Grant Count

+23.1% YoY

Avg Grant Size

$26K

+10.0% YoY

Under IRS private-foundation payout rules, Gallant Family Foundation Inc reported a distributable amount of $443K for 2024 — the minimum it must pay out in qualifying distributions.

About Gallant Family Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Connecticut $785K (74%)

North Carolina $265K (25%)

District of Columbia $5K (0%)

States

Connecticut District of Columbia North Carolina

Cities

DanburyDurhamKentNew MilfordRaleighSouthburyWashingtonWashington Depot

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$8,073,033	$7,105,181	$6,165,483
Revenue	$809,564	$384,987	$300,472
Expenses	$471,074	$368,918	$387,624
Qualifying Distributions	$466,474	$364,118	$382,824
Net Investment Income	$183,398	$83,233	$135,712
Distributable Amount	$443,485	$406,289	$431,254

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

45 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Childrens Center ($82,324), Eliot Pratt Education Center ($74,330), American Dance Festival ($50,000).

Recipient	Purpose	Amount
AMERICAN DANCE FESTIVAL DURHAM, NC	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$50,000
ASSOCIATION OF RELIGIOUS COMUNITIES DANBURY, CT	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$11,500
CAMELLAS CUPBARD NEW MILFORD, CT	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$30,000
ELIOT PRATT EDUCATION CENTER NEW MILFORD, CT	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$74,330
EXPONENT PHILANTHROPY WASHINGTON, DC	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$2,630
FRIENDS OF SULLIVAN FARM INC NEW MILFORD, CT	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$20,000
GASPARD & DANCERS DURHAM, NC	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$22,500
GREATER WASHINGTON COALITION FOR JEWISH LIFE WASHINGTON, CT	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$2,000
LITERACY VOLUNTEERS ON THE GREEN NEW MILFORD, CT	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$18,750
NEW MILFORD COMMUNITY AMBULANCE CORPORATION NEW MILFORD, CT	OPERATIONS AND/OR CAPITAL IMPROVEMENT	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ROBIN GALLANT	PRESIDENT & EXECUTIVE DIRE	2	$46,000

Frequently Asked Questions

How large is Gallant Family Foundation Inc?

As of 2024, Gallant Family Foundation Inc holds $8.1M in total assets with $810K in annual revenue. It awarded 16 grants totaling $418K in 2024.

Where does Gallant Family Foundation Inc operate?

Gallant Family Foundation Inc has awarded grants in Connecticut, District of Columbia, North Carolina.

What size grants does Gallant Family Foundation Inc award?

In 2024, Gallant Family Foundation Inc awarded 16 grants totaling $418K — an average of about $26K per grant, based on its IRS Form 990 filings.

How much is Gallant Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Gallant Family Foundation Inc reported a distributable amount of $443K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.